Hamilton Lane (NASDAQ:HLNE) Releases Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Hamilton Lane (NASDAQ:HLNE) issued its quarterly earnings results on Tuesday. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.27, FiscalAI reports. Hamilton Lane had a return on equity of 29.43% and a net margin of 31.12%.The company had revenue of $198.59 million for the quarter, compared to analyst estimates of $195.36 million. During the same quarter last year, the company posted $1.25 EPS. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year.

Here are the key takeaways from Hamilton Lane’s conference call:

• Fee-related revenue rose to $507M (+31% Y/Y) and fee-related earnings were $254.6M (+37% Y/Y); AUM grew to $146B (+8% Y/Y) and the company reported GAAP EPS $4.35 (non‑GAAP $4.41) while declaring a $0.54 quarterly dividend, maintaining a 10% annual increase target.
• Hamilton Lane closed its strategic partnership with Guardian, agreeing to manage nearly $5B of Guardian’s private equity and receive ~ $500M of annual commitments for at least 10 years, with initial financial impacts expected in fiscal Q4 2026 and warrants implying <1% dilution.
• The Evergreen platform is scaling quickly — AUM topped $16B (+70% Y/Y) with over $1.2B of net inflows in the quarter; core multi‑strategy AUM is $11.7B and the international credit Evergreen surpassed $2B with ~9.5% since‑inception net annualized returns.
• Specialized funds momentum continues: fee‑earning AUM in specialized funds reached $38.1B (+22% Y/Y), the Equity Opportunities Fund is >$2.3B, the second infrastructure fund closed near $2B, and first closes for the next secondary and venture funds are expected in 2Q 2026.
• Total expenses increased 14% Y/Y (compensation +15%, G&A +$11M), driven by higher headcount and revenue‑related costs, which raises near‑term expense pressure despite rising FRE and margin expansion.

Hamilton Lane Trading Down 3.5%

Shares of Hamilton Lane stock traded down $4.91 during trading on Tuesday, hitting $136.48. The company’s stock had a trading volume of 1,311,175 shares, compared to its average volume of 498,912. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 24.72 and a beta of 1.30. Hamilton Lane has a 52 week low of $111.98 and a 52 week high of $179.19. The stock has a 50-day moving average price of $137.96 and a two-hundred day moving average price of $138.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.49 and a quick ratio of 3.49.

Insider Transactions at Hamilton Lane

In related news, CEO Juan Delgado-Moreira bought 8,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $130.35 per share, with a total value of $1,042,800.00. Following the acquisition, the chief executive officer owned 1,314,447 shares of the company’s stock, valued at $171,338,166.45. This represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Hamilton Lane

A number of institutional investors have recently bought and sold shares of the company. FJ Capital Management LLC bought a new stake in shares of Hamilton Lane in the 3rd quarter valued at $217,000. Caisse de depot et placement du Quebec acquired a new stake in Hamilton Lane in the third quarter worth $226,000. F m Investments LLC grew its holdings in Hamilton Lane by 7.3% in the third quarter. F m Investments LLC now owns 3,953 shares of the company’s stock worth $533,000 after purchasing an additional 268 shares during the period. Private Advisor Group LLC increased its stake in Hamilton Lane by 17.3% in the third quarter. Private Advisor Group LLC now owns 1,820 shares of the company’s stock valued at $245,000 after purchasing an additional 269 shares in the last quarter. Finally, Scott Marsh Financial LLC acquired a new position in shares of Hamilton Lane during the second quarter valued at about $598,000. Institutional investors own 97.40% of the company’s stock.

Key Headlines Impacting Hamilton Lane

Here are the key news stories impacting Hamilton Lane this week:

• Positive Sentiment: Earnings and revenue beat — Hamilton Lane posted EPS of $1.55 and revenue of $198.6M, topping estimates and showing solid YoY revenue growth; this is the primary fundamental reason the report is supportive for the stock. Hamilton Lane (HLNE) Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Strong profitability metrics — the company reported high net margin (~31%) and ROE (~29.4%), signaling attractive economics for its private markets business. Hamilton Lane earnings and materials
• Positive Sentiment: Major fundraising success — Hamilton Lane closed nearly $2.0B for its Infrastructure Opportunities Fund II (well above its $1.25B target), expanding fee-generating AUM and demonstrating strong LP demand. That supports future revenue/fee visibility. Hamilton Lane Closes on Nearly $2 Billion in Infrastructure Opportunities Fund II
• Neutral Sentiment: Full quarter materials and investor call available — management filed the press release, slide deck and hosted a conference call (useful for detail on pipeline, fees and outlook). View Press Release / Slide Deck
• Neutral Sentiment: Analyst/preview coverage is available — several previews and outlook pieces are circulating that may guide near-term sentiment but do not materially change fundamentals yet. Earnings Outlook For Hamilton Lane
• Negative Sentiment: Shares fell despite the beat — likely profit-taking and valuation sensitivity. The stock’s PE (~24.8) and its current price sitting near/below short-term moving averages can prompt selling even after strong results; short-term technical/market factors may be weighing on the price today.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley set a $159.00 price target on shares of Hamilton Lane in a report on Tuesday, January 27th. The Goldman Sachs Group raised shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Thursday, November 6th. UBS Group upped their price target on shares of Hamilton Lane from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $169.38.

About Hamilton Lane

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.